Managing Member and Founder

Alan Kanders is Managing Member and Founder of Three Wall Capital.  From 2008 to 2012, he successfully completed eight hospitality equity and debt investments totaling over $500 million in invested capital.  From 1997 to 2008, Mr. Kanders was Managing Director in the Global Real Estate Group at Lehman Brothers, where he originated approximately $8 billion of hospitality equity and debt transactions in a principal capacity.

Mr. Kanders has worked with leading hospitality sponsors, operators and franchisors including Marriott International, InterContinental Hotels & Resorts, Starwood Hotels & Resorts, Hyatt Hotels & Resorts, Gencom Group, Hampshire Hotels & Resorts and Highgate Holdings in various transaction types including acquisition, new construction, recapitalization, redevelopment, and brand development.  In 2007, Mr. Kanders led the restructuring and sale of Le Méridien Hotels and Resorts, one of the largest-ever hotel restructurings to date.

Prior to joining Lehman Brothers in 1997, Mr. Kanders was Vice President of Development for Wingate Inns, a limited-service hotel chain, where he developed over 100 hotels.  Before joining Wingate Inns in 1992, Mr. Kanders developed a gaming facility in Barbados and was a member of the team that sought to develop Hard Rock Cafes in the former Soviet Union.  Prior to that, he was Vice President of Development for North America and the Caribbean for Rank Plc, a leading European gaming company.

Mr. Kanders graduated with a B.S. in Hotel Administration from Cornell University’s School of Hotel Administration.

Managing Director and Principal

Michael Mao is a Managing Director and Principal at Three Wall Capital.  Mr. Mao is responsible for real estate acquisitions at Three Wall Capital with a focus in the lodging sector and oversees development, asset management, and underwriting for the firm.

Prior to joining Three Wall, Mr. Mao served as Vice President of Acquisitions and Development at Kimpton Hotels and Restaurants, where he was responsible for sourcing, negotiating and executing on investment and new development opportunities. At Kimpton, he was instrumental in growing the Kimpton owned and managed portfolio. Deals include the acquisition and redevelopment of a historic office building in Chicago into a flagship Kimpton Hotel as well as reintroducing the brand to Canada by bringing Kimpton to the Toronto market.  Mr. Mao has also held positions at Lehman Brothers, Eastdil Secured and CNL Hotels & Resorts.

Mr. Mao graduated with a B.S. in Hotel Administration from Cornell University’s School of Hotel Administration.